OpenAI has achieved an annualized revenue of $12 billion in the first seven months of the year, signaling a rapid growth driven by its ChatGPT products, which have around 700 million weekly active users. The company also increased its projected cash burn to $8 billion for 2025 while seeking additional investments, including $7.5 billion in commitments from various shareholders.

OpenAI anticipates that new product developments will significantly boost its revenue, projecting an increase to $125 billion by 2029. The company's strategic focus on expanding its product offerings is expected to drive this financial growth in the coming years.